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Essay Details:
Essay text:
of items in its product mix.
Depth: No. of variants of each product in the line.
Consistency: refers to how closely related the various product lines are in end use, production requirements, distribution channels.
The company can expand its business in four ways.
1 Add new product lines (widen product mix)
2 Lengthen each product line.
3 Add more product variants to each product (deepen product mix)
4 More product line consistency or less.
Classification of Products
Consumer Products Business Products
(Use by household consumers for nonbusiness purpose)
Convenience Goods: Frequent purchases with minimum efforts, readily accessible when consumer demands arises...
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